Automation, AI offer rich promises to Indian firms despite slow growth

Automation and AI continued to log in multi-million dollar prospects for Indian IT companies despite slower overall growth and visa concerns in an eventful year that was marked by high-drama of a hostile takeover at Mindtree, change of guard at Wipro, and whistleblower allegations against Infosys top leadership.

In a departure from the past, industry body Nasscom discontinued providing its annual growth forecast for the industry — an important tool to gauge the sentiment of the sector.

For 2019, Nasscom said it was “cautiously optimistic” and cited rising global economic uncertainties arising out of trade wars and protectionism.